Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells $1,670,725.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Advanced Micro Devices Stock Down 0.9 %

Advanced Micro Devices stock traded down $0.79 during midday trading on Friday, hitting $87.50. 34,685,670 shares of the stock were exchanged, compared to its average volume of 43,130,917. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The business's 50-day moving average price is $100.93 and its 200-day moving average price is $123.55. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Institutional Trading of Advanced Micro Devices

Institutional investors have recently modified their holdings of the business. Howard Capital Management Group LLC raised its stake in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Principal Financial Group Inc. boosted its position in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares in the last quarter. M&T Bank Corp raised its position in shares of Advanced Micro Devices by 6.0% in the 3rd quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer's stock worth $19,179,000 after acquiring an additional 6,569 shares in the last quarter. Advisory Resource Group lifted its stake in shares of Advanced Micro Devices by 19.3% in the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock valued at $1,300,000 after purchasing an additional 1,282 shares during the period. Finally, Westside Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 1.9% during the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock valued at $815,000 after purchasing an additional 103 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Bank of America cut their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $144.90.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.